Raymond Shifts Gears: Auto and Defence Emerge as New Growth Engines, Says Nirmal Bang
Raymond Ltd, a name long synonymous with India’s textile and lifestyle legacy, is undergoing a strategic transformation that could redefine its future. According to brokerage firm Nirmal Bang Institutional Equities, the company has decisively pivoted away from its traditional businesses to focus on high-potential engineering verticals—specifically auto components and aerospace & defence. These sectors, now…